The _____________is the period of production that allows producers to change the amount of labor.
Fill in the blank(s) with the appropriate word(s).
Ans: short run
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The labor force participation rate is the
A) proportion of the labor force that is unemployed. B) proportion of the noninstitutionalized adult population in the labor force. C) proportion of the labor force that is employed. D) proportion of the noninstitutionalized adult population that is employed.
Refer to Figure 13-2. Ceteris paribus, an increase in the expected future price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
A well-run bank assumes that all borrowers will repay their loans on time, irrespective of the condition of the economy
a. True b. False Indicate whether the statement is true or false
QN=78 (17806) The CPI is more commonly used as a gauge of inflation than the GDP deflator is because
a. the CPI is easier to measure. b. the CPI is calculated more often than the GDP deflator is. c. the CPI better reflects the goods and services bought by consumers. d. the GDP deflator cannot be used to gauge inflation.